Economics MCQs

Page No. 187

85% of the world’s population lives in developing countries and receives about _____ of the world’s income?


a40%

✖


b10%

✖


c 20%

✓


d30%

✖


View Answer 20%

The term Fourth World has been coined to describe ?


a the newly industrialized countries like Korea, Taiwan Malaysia

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bThe republics of the former Soviet Union

✖


cCountries that still have a communist government like China and Cuba

✖


dcountries that have fallen far behind the economic advances of the rest of the world

✓


View Answer countries that have fallen far behind the economic advances of the rest of the world

The emigration of highly-skilled people from the developing countries is known as ?


aThe brain drain

✓


bhuman capital deterioration

✖


cproductivity

✖


dlabor degradation

✖


View Answer The brain drain

Simon S.Kuznets argues that the major stock of an economically advanced country is not its physical capital but ?


anatural resources

✖


b body of knowledge

✓


cland

✖


dquantity of labor

✖


View Answer body of knowledge

Which of the following is Not True about education in LDCs ?


aPublic expenditure per student for higher education is about ten times as high as for primary education

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bThe expansion of primary education redistributes benefits from the rich to the poor

✖


cEconomists unanimously agree that LDCs should put greater priority on primary education

✓


dBoys are sent to schools far more often than girls

✖


View Answer Economists unanimously agree that LDCs should put greater priority on primary education

Which of the following is NOT true about child mortality ?


aAbout 18 percent of the world’s deaths are among children less than five years old

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b More than 98 percent of child deaths were in LDCs

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cWorld-wide child mortality rates increased from 1990 to 2002

✓


d19 of the 20 countries with the highest child mortality were in Africa

✖


View Answer World-wide child mortality rates increased from 1990 to 2002

Of the 57 million people dying worldwide in 2002, _____ were from stroke and heart disease and ________ from cancer disproportionately from DCs?


a 17 million, 7 million

✓


b 7 million, 0.7 million

✖


c3 million, 1 million

✖


d0.5 million, 5 million

✖


View Answer 17 million, 7 million

Gunnar Myrdal argues that a major barrier to high labor productivity is ?


adue to a lack of education

✖


ba class system in which the elite are contemptuous of manual work

✓


cupper-and middle-class westerners

✖


dThe lack of bargaining power y cheap labor

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View Answer a class system in which the elite are contemptuous of manual work

In a competitive economy, a worker earns an income equivalent to ?


aThe amount of brain drain

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bMarginal utility

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c Marginal Product

✓


dThe substitutability of labor to capital

✖


View Answer Marginal Product

By 2010 the U.S Census Bureau expects life expectancy in the tow southern African countries of Botswana and South Africa to be ?


a30 to 40 years, about the same as in 1995

✖


b30 to 40 years, a fall of more than 10 years from 1995

✓


c50 to 60 years, about the same as in 1995

✖


d70 years, an increase from 1995

✖


View Answer 30 to 40 years, a fall of more than 10 years from 1995

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